FXD vs. MPAY ETF Comparison

Comparison of First Trust Consumer Discret. AlphaDEX (FXD) to Akros Monthly Payout ETF (MPAY)

FXD

First Trust Consumer Discret. AlphaDEX

FXD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Consumer Discretionary Index (the "index"). The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the consumer discretionary sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$61.33

Average Daily Volume

46,769

Number of Holdings ^*

118

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$24.46

Average Daily Volume

855

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXD	MPAY
30 Days	4.67%	5.01%
60 Days	-0.40%	2.74%
90 Days	2.45%	6.30%
12 Months	18.42%	16.82%

11 Overlapping Holdings

Symbol	Grade	Weight in FXD	Weight in MPAY	Overlap
AMZN	C	1.24%	8.38%	1.24%
BBY	D	0.8%	1.22%	0.8%
BKNG	C	0.3%	1.98%	0.3%
DAL	B	1.69%	1.57%	1.57%
DKS	D	1.35%	1.19%	1.19%
EA	F	0.28%	1.38%	0.28%
EBAY	C	1.12%	1.35%	1.12%
HD	D	0.26%	3.02%	0.26%
TJX	B	0.29%	1.84%	0.29%
ULTA	F	0.22%	1.08%	0.22%
WSM	C	1.14%	1.37%	1.14%

FXD Overweight 107 Positions Relative to MPAY

Symbol	Grade	Weight
SPOT	C	1.75%
TXRH	B	1.66%
APTV	D	1.62%
RCL	B	1.58%
GM	B	1.54%
AN	C	1.53%
TOL	B	1.49%
PHM	B	1.49%
DKNG	C	1.46%
LEN	B	1.43%
LYFT	D	1.42%
LYV	D	1.4%
DECK	C	1.4%
DHI	D	1.39%
UAA	F	1.39%
UBER	D	1.34%
LAD	F	1.34%
UAL	C	1.31%
SKX	B	1.3%
CMG	B	1.3%
WING	C	1.28%
KSS	D	1.27%
HOG	D	1.26%
BFAM	D	1.19%
GNTX	D	1.15%
CROX	C	1.12%
PAG	C	1.12%
F	D	1.09%
TNL	D	1.09%
LEA	F	1.06%
WBD	F	1.06%
PII	F	1.0%
LKQ	F	0.98%
CZR	F	0.98%
CRI	F	0.97%
TPR	D	0.97%
HTZ	F	0.96%
BURL	D	0.96%
BWA	C	0.96%
LOPE	C	0.96%
PVH	D	0.96%
BYD	F	0.94%
FOXA	C	0.94%
COST	B	0.93%
NCLH	F	0.91%
ALK	C	0.9%
COLM	B	0.9%
NFLX	B	0.89%
MUSA	B	0.87%
NXST	C	0.87%
ARMK	B	0.87%
UHAL	C	0.86%
IPG	D	0.85%
CPRT	D	0.85%
M	D	0.85%
HLT	D	0.84%
RBA	C	0.84%
LUV	F	0.83%
MAR	D	0.83%
NVR	D	0.83%
VAC	D	0.8%
TGT	D	0.8%
FND	C	0.79%
THO	F	0.78%
GRMN	A	0.68%
DPZ	C	0.62%
W	C	0.6%
TSCO	A	0.6%
JWN	C	0.59%
HRB	B	0.59%
GPC	D	0.59%
TTD	B	0.58%
BBWI	B	0.57%
ABNB	D	0.57%
AAL	C	0.56%
AZO	D	0.56%
VSCO	C	0.55%
ORLY	D	0.54%
ROST	D	0.54%
TPX	C	0.54%
RL	D	0.52%
DG	D	0.52%
RH	D	0.48%
KMX	F	0.48%
EXPE	F	0.48%
GPS	D	0.48%
WHR	F	0.47%
SIRI	F	0.47%
CPNG	B	0.36%
NYT	B	0.33%
WMT	A	0.3%
MCW	D	0.3%
BJ	B	0.3%
ROL	C	0.3%
OMC	B	0.29%
CAR	D	0.29%
OLLI	D	0.29%
SCI	D	0.28%
WYNN	D	0.28%
MAT	F	0.28%
COTY	F	0.27%
LOW	D	0.27%
NWSA	C	0.27%
CCL	F	0.26%
DRI	F	0.26%
SITE	F	0.26%
MGM	F	0.25%

FXD Underweight 39 Positions Relative to MPAY

Symbol	Grade	Weight
GOOGL	A	-8.96%
AAPL	C	-7.88%
CSCO	F	-2.28%
ACN	F	-2.18%
NKE	F	-2.02%
DELL	B	-2.01%
UPS	D	-1.95%
IBM	D	-1.93%
LMT	B	-1.89%
MELI	B	-1.86%
USHY	A	-1.84%
CL	B	-1.73%
HCA	C	-1.68%
KMB	C	-1.6%
CDNS	D	-1.58%
SBUX	F	-1.51%
ALL	C	-1.51%
LDOS	A	-1.51%
FDX	D	-1.5%
MMM	A	-1.45%
BAH	B	-1.41%
OTIS	C	-1.41%
NTAP	B	-1.4%
EL	F	-1.39%
HPQ	C	-1.39%
HAL	D	-1.38%
LII	B	-1.36%
SYY	D	-1.35%
MTD	B	-1.35%
KEYS	C	-1.35%
IT	D	-1.33%
FTNT	D	-1.32%
CTSH	F	-1.31%
STLA	D	-1.3%
STLD	D	-1.26%
CLX	F	-1.25%
ALGN	F	-1.17%
JBL	F	-1.16%
BAX	F	-1.15%